Académique Documents
Professionnel Documents
Culture Documents
Accounting
Done By,
AJAY AS
Contents
Introduction
Objectives of HRA
Importance of HRA
Limitations
Cost of Human Resources
Measurements in HRA
Cost Approach
Introduction
Contd
Objectives
Importance of HRA
Contd
Limitations
Training
(Development) cost
-Formal Training Cost
-On the Job Training Cost
-Special Training
-Development Programmes
Welfare Cost
-Medical Expenditure
-Canteen Expenditure
-Specific and General
Allowances
-Children Welfare Expenses
-Other Welfare Expenditure
Other Costs
Acquisition cost
-Recruitment Cost
-Selection Cost
-Placement Cost
-Campus Interview Cost
Cost of
Human
Resourc
es
-Safety Expenditure
-Ex-gratia
-Multi-trade incentives
-Rewarding
Suggestions
Measurements in HRA
Historical Cost
Replacement Cost
Opportunity Cost
Standard Cost
Likert Model
The Flamholtz Model
Ogan Model (Certainity Equivalent Net Benefit Model)
COST APPROACH
Cost
It is a sacrifice incurred to obtain some
anticipated benefit or service
Two portions :
Expense
Asset
Types of Cost
Historical cost
Sacrifice that was made to acquire and develop the
resource
Opportunity cost
Money to be spent on HR was spent on something
else
Replacement cost
Cost incurred in the replacement of present employees